Manulife Financial Corp (NYSE: MFC) on Tuesday, soared 0.37% from the previous trading day, before settling in for the closing price of $32.40. Within the past 52 weeks, MFC’s price has moved between $18.56 and $32.94.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Financial sector has jumped its sales by 18.70% annually for the last half of the decade. The company achieved an average annual earnings per share of 5.80%. With a float of $1.78 billion, this company’s outstanding shares have now reached $1.81 billion.
In an organization with 38000 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 100.0%, operating margin of 9.27%, and the pretax margin is 13.64%.
Manulife Financial Corp (MFC) Insider and Institutional Ownership
Observing investor behavior towards Insurance – Life industry stocks is more important than anything else. The insider ownership of Manulife Financial Corp is 0.10%, while institutional ownership is 52.13%.
Manulife Financial Corp (MFC) Latest Financial update
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.67 earnings per share (EPS) for the period topping the consensus outlook (set at 0.62) by 0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.71 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 5.80% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.84% during the next five years compared to 1.48% growth over the previous five years of trading.
Manulife Financial Corp (NYSE: MFC) Trading Performance Indicators
Manulife Financial Corp (MFC) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.94. Likewise, its price to free cash flow for the trailing twelve months is 4.27.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.08, a number that is poised to hit 0.68 in the next quarter and is forecasted to reach 2.93 in one year’s time.
Technical Analysis of Manulife Financial Corp (MFC)
Let’s dig in a bit further. During the last 5-days, its volume was 2.04 million. That was inferior than the volume of 2.53 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 81.85%. Additionally, its Average True Range was 0.61.
During the past 100 days, Manulife Financial Corp’s (MFC) raw stochastic average was set at 95.64%, which indicates a significant increase from 89.16% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.04% in the past 14 days, which was higher than the 21.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $29.59, while its 200-day Moving Average is $26.14. However, in the short run, Manulife Financial Corp’s stock first resistance to watch stands at $32.76. Second resistance stands at $32.99. The third major resistance level sits at $33.31. If the price goes on to break the first support level at $32.21, it is likely to go to the next support level at $31.89. The third support level lies at $31.66 if the price breaches the second support level.
Manulife Financial Corp (NYSE: MFC) Key Stats
Market capitalization of the company is 79.32 billion based on 1,758,919K outstanding shares. Right now, sales total 36,613 M and income totals 4,047 M. The company made 10,905 M in profit during its latest quarter, and 1,419 M in sales during its previous quarter.
